Behind a black gate in an upscale Beirut suburb, the head of Lebanon’s banking lobby implored the government to hold firm against the latest crisis, pay the country’s debts and safeguard its financial industry. “A stable economy is largely dependent on a strong banking sector,” said...
Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the economy minister was quoted as saying, after the heavily indebted state said it could not meet its debt repayments. Lebanon is set to default on its sovereign debt...
Lebanon’s financial prosecutor froze the assets of 20 Lebanese banks, their top bosses and board members as part of a probe, state media and judicial sources said on Thursday. Local banks are at the heart of a financial crisis crippling Lebanon as the clock runs down on its looming debt...
Israel heads into its unprecedented third election in less than a year Monday after a tumultuous campaign that saw the prime minister indicted on corruption charges, President Donald Trump release his much-anticipated Mideast plan and various mergers and machinations that reshuffled Israel’s...